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Notification under sections 28 and29 of the Securities Trading Act 

Original announcement entitled "Notification in pursuance of sections 28 and 29 of the Danish Securities Trading Act".

July 1, 2003

Stock Exchange Announcement No. 17/2003

After the expiry of the notification period, Danske Bank has reduced its share capital by a nominal amount of DKr203,241,510 as adopted by the annual general meeting on March 25, 2003.

After the reduction, Danske Bank’s share capital amounts to DKr7,116,758,490.

Pursuant to sections 28 and 29 of the Danish Securities Trading Act, the Danske Bank Group – including Danica – owns 25,716,883 shares of a nominal value of DKr10 in Danske Bank, corresponding to 3,61% of the share capital.

The latest notification in pursuance of section 28 of the Danish Securities Trading Act was given on June 19, 2003, which stated that the Danske Bank Group owned 6.08% of the Bank’s share capital.